2021-02-25 08:00:00

Cardano USD (ADA-USD) On Bullish Momentum: 7.2% Up In The Last 6 Hours

Cardano USD (ADA-USD) is currently on bullish momentum. At 11:04 EST on Thursday, 25 February, Cardano USD (ADA-USD) is at $1.11 and up by 7.2% in the last 6 hours.

Cardano USD (ADA-USD) Range

Over the last six hours, Cardano USD (ADA-USD)’s higher value was $1.11 and the lower value was $1.04.

Over the last twelve hours, Cardano USD (ADA-USD)’s higher value was $1.11 and the lower value was $1.03.

About Cardano USD (ADA-USD)’s daily highs and lows, it’s 9.294% up from its trailing 24-hour low of $1.02 and 0.432% up from its trailing 24-hour high of $1.11.

In relation to Cardano USD (ADA-USD)’s yearly highs and lows, it’s 5736.649% up from its 52-week low and 6.633% down from its 52-week high.

Volatility

Cardano USD (ADA-USD)’s last day, last week, and last month’s average volatility was 10.16%, 7.52%, and 6.87%, respectively.

Cardano USD (ADA-USD)’s last day, last week, and last month’s high and low average amplitude percentage was 19.08%, 20.09%, and 15.82%, respectively.

News about Bitcoin

Bitcoin rally faces potential test from falling market liquidity. According to Bloomberg Quint on Monday, 22 February, “The rally in Bitcoin that took the digital token to a fresh peak over the weekend could face a test from declining liquidity in the market for the largest cryptocurrency.”, “In a recent tweet, Elon Musk said Bitcoin prices “seem high,” having earlier called it a “less dumb” version of cash.”

Forget Bitcoin or Tesla. muni bonds are the king of costly.. According to Bloomberg Quint on Monday, 22 February, “Believe it or not,the $3.9trillion municipal-bond market and Bitcoin have muchin common.”, “It’s certainly fair to argue that Bitcoin isn’t worth more than $50,000, or that shares of Tesla Inc. shouldn’t be trading at more than1,000 times earnings.”

Bitcoin ETF sellers in Sweden urged to avoid average consumers. According to Bloomberg Quint on Monday, 22 February, “Exchange-traded crypto-tracking products exist in Europe and a Bitcoin ETF opened in February in Canada. “, “Sweden is home to the largest Bitcoin exchanged-traded product: The $1.7 billion Bitcoin Tracker EUR, which invests in swap contracts to mirror the cryptocurrency’s returns, is listed on the Stockholm Stock Exchange.”

Bitcoin pulls back from record as prices give up weekend gains. According to Bloomberg Quint on Monday, 22 February, “In February alone, Bitcoin is up more than 60%, prompting commentary that the run-up is excessive. “, “So it’s also possible that prices fell on Monday as institutional crypto traders, who follow normal business hours, responded to Elon Musk’s Saturday tweet that Bitcoin prices “seem high.”

Bitcoin declines after musk hints that prices are excessive. According to Bloomberg Quint on Monday, 22 February, “Elon Musk’s embrace of Bitcoin earlier this month rocketed the cryptocurrency almost 50% higher to more than $58,000. “, “It should go without saying that new investors to Bitcoin should be prepared for major volatility and for prices to drop suddenly and as sharply as they have risen,” according to Neil Wilson, chief analyst at Markets.com.”

According to Business Insider on Monday, 22 February, “At this point, our belief is: Bitcoin is not a question of if, but when,” Demirors said.”, “The size of the Bitcoin market recently shot past $1 trillion as it hit a record high of $58,354. “

Bitcoin plunges 8% as record-shattering rally succumbs to valuation fears. According to Business Insider on Monday, 22 February, “Based on our calculations, we estimate that Tesla so far has made roughly $1 billion of profit over the last month from its Bitcoin investment given the skyrocketing price of Bitcoin, which now tops a trillion of market value,” analyst Dan Ives wrote in a note published Saturday.”

Bitcoin tanks 10% after Elon Musk says prices seem high. According to CNBC on Monday, 22 February, “Tesla is “on a trajectory to make more from its Bitcoin investments than profits from selling its EV (electric vehicle) cars in all of 2020,” Ives estimated in a note published Saturday.”

According to MarketWatch on Monday, 22 February, “One major study indicated only a small percentage of Bitcoin transactions are used in illicit transactions, however, and supporters also point out the same is true of the dollar. “

Elon Musk’s Bitcoin tweet hurts Tesla’s own bet in currency. According to Bloomberg Quint on Monday, 22 February, “That reflected a total worth of about $2.4 billion on Sunday’s Bitcoin price and of about $2 billion at Monday’s low.”, “Both recovered from the lows, with Bitcoin down about 8.4% to $52,534 and Tesla off 4.7% to $744.68 as of 1:48 p.m. in New York.”

Bitcoin mine operator is said to plot dual listing via U.S. IPO. According to Bloomberg Quint on Monday, 22 February, “Northern Data AG, the operator of the world’s largest Bitcoin mine, is working with Credit Suisse Group AG on plans for a U.S. listing that could raise as much as $500 million, according to people familiar with the matter.”, “Led by Chief Executive Officer Aroosh Thillainathan, the firm started as a Bitcoin miner but later shifted to operating the mines on behalf of clients. “

Elon Musk loses $15 billion in a day after Bitcoin warning. According to Bloomberg Quint on Monday, 22 February, “Tesla’s decline was fueled in part by Musk’s comments over the weekend that the prices of Bitcoin and smaller rival Ether “do seem high.” His message — via his favored medium of Twitter — came two weeks after Tesla announced it has added $1.5 billion in Bitcoin to its balance sheet.”

According to Business Insider on Tuesday, 23 February, “Bottlepay gained attention previously for allowing users to send small amounts of Bitcoin using social media channels such as Telegram. “, “Launching when Bitcoin is gaining so much interest and publicity can only help increase brand awareness and interest in our product.”

Bitcoin retreats after swings highlighted the risk of volatility. According to Bloomberg Quint on Tuesday, 23 February, “Gates and Yellen muscled in on a Bitcoin discussion that of late had been dominated by Tesla Inc. Chief Executive Officer Elon Musk. “, “A monthly relative-strength index for Bitcoin is “extremely overbought,” the company’s chief market strategist Matt Maley wrote in a weekend note.”

Bitcoin tumbles below $50,000 as caution about rally takes hold. According to Bloomberg Quint on Tuesday, 23 February, “A pullback in Bitcoin shouldn’t be surprising “given the current overleveraged long positions on mainstream coins,” said Annabelle Huang, a partner at Amber Group, a crypto financial-services firm.”, “Gates cautioned about how investors can be swept up in manias, while Yellen said Bitcoin is an “extremely inefficient way of conducting transactions.”

Bitcoin needs a safe space for redditors to play. According to Bloomberg Quint on Tuesday, 23 February, “Last week’s launch of a Bitcoin ETF on its northern doorstep should finally galvanize the U.S. regulator into action.”, “With Bitcoin almost doubling this year to trade well above $50,000 in recent days, regulators are understandably reluctant to be perceived to be legitimizingone of the most volatile securitiesthe world has ever seen. “

Bitcoin is on the verge of a bear market. should you buy in now?. According to MarketWatch on Tuesday, 23 February, “Read: Bitcoin drops further below key $50,000 level after Yellen calls it ‘extremely inefficient’”

Bitcoin bet sparks rally at Japan’s most expensive brokerage. According to Bloomberg Quint on Wednesday, 24 February, “Even after a pullback during a sell-off in Bitcoin in recent days, Monex is the most expensive stock on an index of Japanese securities companies, with a price of more than three times the book value of its assets.”, “The soaring price of Bitcoin has spurred trading activity and encouraged more individual investors to jump into the fray.”

Bitcoin climbs past $50,000 after backing from ark’s cathie wood. According to Bloomberg Quint on Wednesday, 24 February, “Tesla Inc. Chief Executive Officer Elon Musk in recent tweets said Bitcoin prices “seem high,” having earlier called it a “less dumb” version of cash. “, “Treasury Secretary Janet Yellen said Bitcoin is an “extremely inefficient way of conducting transactions.”

Bitcoin climbs after renewed backing from ark’s cathie wood. According to Bloomberg Quint on Wednesday, 24 February, “Tesla Inc. Chief Executive Officer Elon Musk in recent tweets said Bitcoin prices “seem high,” having earlier called it a “less dumb” version of cash. “, “Treasury Secretary Janet Yellen said Bitcoin is an “extremely inefficient way of conducting transactions.”

According to CNBC on Wednesday, 24 February, “However, Bitcoin is still up more than 70% year-to-date and over 400% in the last 12 months.”

JPMorgan says investors could make Bitcoin 1% of portfolios. According to Bloomberg Quint on Thursday, 25 February, “BNY Mellon has announced plans to hold, transfer and issue the digital currency for its clients, while assets in the Grayscale Bitcoin Trust have more than doubled to $33.5 billion since December.”, “JPMorgan Chase & Co. is the latest Wall Street firm floating the idea of investors using Bitcoin as a way to diversify their portfolios.”

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